Infrastructure Procurement and Funding

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1000631486
Total Pages : 84 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis Infrastructure Procurement and Funding by : Sharon McClements

Download or read book Infrastructure Procurement and Funding written by Sharon McClements and published by Taylor & Francis. This book was released on 2022-09-30 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructure is vital to a resilient society and infrastructure investment is therefore critical to the vibrant functioning of societies. Infrastructure assets span economic and social spheres, but despite the prime importance of infrastructure investment, national governments simply cannot fund all of society's infrastructure requirements. This book, Infrastructure Procurement and Funding explores the key models of procuring and financing major projects and infrastructure works whilst critically acknowledging the inherent challenges in successfully securing the necessary funding. The book provides the reader with a detailed review of contemporary methods of financing and procuring infrastructure projects, commencing with an examination of the role of infrastructure in society in creating resilient societies. It reviews public sector funding mechanisms for infrastructure investment and then introduces, before presenting emerging trends in private sector investment in infrastructure. Fundamentally this book identifies robust, innovative, and contemporary solutions to the procurement, financing and investment in major infrastructure projects, globally, nationally and regionally. The book is ideal reading for international courses in construction procurement, construction project management, infrastructure asset management, real estate investment and finance, but will also be useful for those construction business leaders in public and private sectors who are responsible for making major project and infrastructure financial and investment decisions.

Global Developments in Public Infrastructure Procurement

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 178536619X
Total Pages : 360 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis Global Developments in Public Infrastructure Procurement by : Darrin Grimsey

Download or read book Global Developments in Public Infrastructure Procurement written by Darrin Grimsey and published by Edward Elgar Publishing. This book was released on 2017-11-01 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is widespread acceptance of the importance of infrastructure, but less agreement about how it should be funded and procured. While most public infrastructure is still provided in-house or by traditional procurement methods – with well-researched strengths and weaknesses – the development of service concession arrangements has seen a greater emphasis on lifecycle costing, risk assessment and asset design as featured in a variety of public private partnership (PPP) delivery models. This book examines the various procurement approaches, and provides a framework for comparing their advantages and disadvantages. Drawing on international experience, it considers some of the best and worst examples of PPPs, and infrastructure projects generally, along with the lessons for improving infrastructure procurement processes.

Infrastructure for the Built Environment: Global Procurement Strategies

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Author :
Publisher : Routledge
ISBN 13 : 1136395415
Total Pages : 351 pages
Book Rating : 4.1/5 (363 download)

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Book Synopsis Infrastructure for the Built Environment: Global Procurement Strategies by : Rodney Howes

Download or read book Infrastructure for the Built Environment: Global Procurement Strategies written by Rodney Howes and published by Routledge. This book was released on 2006-08-14 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout the world there is a growing demand for high quality public services to support socio-economic development. Infrastructure is central to improving the level of public services and the quality of the built environment. But in key areas such as transport, energy, water, healthcare, education and communications, public resources are not sufficient to keep pace with this demand. As the public sector struggles to keep up, the private sector is increasingly involved in the procurement of economic and social infrastructure. Until now procurement strategies have often concentrated on the mechanisms and the ‘bricks and mortar’ without a thorough analysis of the processes and their implications for services. The result is that all too often infrastructure projects are implemented in an ad hoc and fragmented way. In this ground-breaking book, Rodney Howes and Herbert Robinson provide a holistic approach to infrastructure provision that facilitates infrastructure delivery aimed at continuously improving the level and quality of services. Critical issues of policy and strategy, implementation, and operational aspects are examined within the context of sustainability. By emphasising the importance of procuring infrastructure within an overall national or regional development policy and strategy, the authors have demonstrated the importance of linking investment and resource decisions to local social, economic and environmental needs. With each chapter carefully written to reflect part of the infrastructure delivery chain and illustrated with practical examples and case studies from around the world, this book offers a new blueprint for infrastructure investment and resource management.

Economic Analysis and Infrastructure Investment

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Author :
Publisher : University of Chicago Press
ISBN 13 : 022680058X
Total Pages : 479 pages
Book Rating : 4.2/5 (268 download)

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Book Synopsis Economic Analysis and Infrastructure Investment by : Edward L. Glaeser

Download or read book Economic Analysis and Infrastructure Investment written by Edward L. Glaeser and published by University of Chicago Press. This book was released on 2021-11-11 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Policy-makers often call for expanding public spending on infrastructure, which includes a broad range of investments from roads and bridges to digital networks that will expand access to high-speed broadband. Some point to near-term macro-economic benefits and job creation, others focus on long-term effects on productivity and economic growth. This volume explores the links between infrastructure spending and economic outcomes, as well as key economic issues in the funding and management of infrastructure projects. It draws together research studies that describe the short-run stimulus effects of infrastructure spending, develop new estimates of the stock of U.S. infrastructure capital, and explore the incentive aspects of public-private partnerships (PPPs). A salient issue is the treatment of risk in evaluating publicly-funded infrastructure projects and in connection with PPPs. The goal of the volume is to provide a reference for researchers seeking to expand research on infrastructure issues, and for policy-makers tasked with determining the appropriate level of infrastructure spending"--

Financing Infrastructure Projects

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Author :
Publisher : Thomas Telford
ISBN 13 : 9780727730404
Total Pages : 306 pages
Book Rating : 4.7/5 (34 download)

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Book Synopsis Financing Infrastructure Projects by : Tony Merna

Download or read book Financing Infrastructure Projects written by Tony Merna and published by Thomas Telford. This book was released on 2002 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: - Project finance as a tool for financing infrastructure projects - Public finance for infrastructure projects - Financial instruments - Financial engineering - Restructuring projects - Financial markets - The concession or build-own-operate-transfer (BOOT) procurement strategy - The private finance initiative - Challenges and opportunities for infrastructure development in developing countries - Financial institutions - Privatisation as a method of financing infrastructure projects - Typical risks in the procurement of infrastructure projects - Mechanism for risk management and its application to risks in private finance initiative projects - Insurance and bonding - Case study of a toll bridge project - Case study on managing project financial risks utilising financial engineering techniques

Principles of Public and Private Infrastructure Delivery

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 147576278X
Total Pages : 677 pages
Book Rating : 4.4/5 (757 download)

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Book Synopsis Principles of Public and Private Infrastructure Delivery by : John B. Miller

Download or read book Principles of Public and Private Infrastructure Delivery written by John B. Miller and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 677 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essential to anyone involved in the planning, design, construction, operation, or finance of infrastructure assets, this innovative work puts project delivery, finance, and operation together in a practical new formulation of how public and private owners can better manage their entire collection of infrastructure facilities.

Corruption in Infrastructure Procurement

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Author :
Publisher : Routledge
ISBN 13 : 1000209172
Total Pages : 235 pages
Book Rating : 4.0/5 (2 download)

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Book Synopsis Corruption in Infrastructure Procurement by : Emmanuel Kingsford Owusu

Download or read book Corruption in Infrastructure Procurement written by Emmanuel Kingsford Owusu and published by Routledge. This book was released on 2020-11-01 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an extensive study on the extant constructs of corruption in infrastructure-related projects and aims to contribute to the determination and elimination of its incidence and prevalence in infrastructure projects. The book conducts a comprehensive examination of the various determining factors of corruption that negatively affect the procurement process and, in the end, result in cost and time overruns. The authors present an in-depth understanding of how the identified determining factors of corruption can be addressed. Thus, it is intended to broaden the reader's knowledge of the causes, risk indicators, and different forms of corrupt practices in the procurement process of infrastructure works, before explaining how they affect its stages and activities A dynamic model is developed to demonstrate how to tackle the overall impact of corruption within the procurement process and, at the same time, increase the effectiveness of the extant anti-corruption measures. In short, this book demonstrates that the fight against corruption in the procurement process is strategically feasible and must continue. This book is essential reading for academics, researchers, professionals and stakeholders in the procurement of infrastructure projects and civil works, as well as those with an interest in corruption, construction management and construction project management.

Well Spent

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Publisher : International Monetary Fund
ISBN 13 : 1513511815
Total Pages : 344 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Well Spent by : Mr.Gerd Schwartz

Download or read book Well Spent written by Mr.Gerd Schwartz and published by International Monetary Fund. This book was released on 2020-09-03 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on the Fund’s analytical and capacity development work, including Public Investment Management Assessments (PIMAs) carried out in more than 60 countries, the new book Well Spent: How Strong Infrastructure Governance Can End Waste in Public Investment will address how countries can attain quality infrastructure outcomes through better infrastructure governance—an issue becoming increasingly important in the context of the Great Lockdown and its economic consequences. It covers critical issues such as infrastructure investment and Sustainable Development Goals, controlling corruption, managing fiscal risks, integrating planning and budgeting, and identifying best practices in project appraisal and selection. It also covers emerging areas in infrastructure governance, such as maintaining and managing public infrastructure assets and building resilience against climate change.

Private Sector Investment in Infrastructure

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Author :
Publisher : Kluwer Law International B.V.
ISBN 13 : 9403530510
Total Pages : 689 pages
Book Rating : 4.4/5 (35 download)

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Book Synopsis Private Sector Investment in Infrastructure by : Jeffrey Delmon

Download or read book Private Sector Investment in Infrastructure written by Jeffrey Delmon and published by Kluwer Law International B.V.. This book was released on 2021-02-10 with total page 689 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past five years have raised some serious new challenges, capital surplus, a global pandemic, debt crises, and a global economic crisis. While the responses to these challenges are complex, the fundamentals remain the same. Infrastructure remains a moral and economic imperative, as well as a good investment. However, many governments that would like to increase their infrastructure investment have limited capital, with infrastructure facing stiff competition from alternative uses of public funds. Public-Private Partnerships (PPPs) are part of a fundamental, global shift in the role of government – from being the direct provider of public services to becoming the planner, facilitator, contract manager and/or regulator who ensures that local services are available, reliable, meet key quality standards, and are affordable for users and the economy. This rich and practical book, now in its fourth edition, shows how the private sector (through – PPPs) can provide more efficient procurement through cheaper, faster, and better quality; refocus infrastructure services on service delivery, consumer satisfaction and life cycle maintenance; and provide new sources of innovation, technological advances and investment, including through limited recourse debt (i.e., project financing). This book provides a practical guide to PPP in all the following ways and more: how governments can enable, encourage and manage PPP; financing of new and existing infrastructure; designing and implementing PPP contractual structures; and most importantly, how to balance PPP risk allocation in practice. Specific discussion of each infrastructure sector (including local government) is provided. Lawyers and business people, engineers, development specialists, banking and insurance professionals, and academics will all find this book a useful guide for planning, designing and implementing PPP projects and programmes.

Public-Private Partnerships in Infrastructure

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Author :
Publisher : Springer
ISBN 13 : 9811033552
Total Pages : 382 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Public-Private Partnerships in Infrastructure by : Kumar V. Pratap

Download or read book Public-Private Partnerships in Infrastructure written by Kumar V. Pratap and published by Springer. This book was released on 2018-01-09 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides readers with a clear understanding of infrastructure challenges, how Public‐Private Partnerships (PPP) can help, and their use in practice. Infrastructure bottlenecks are generally considered the most important constraint to growth in many countries worldwide. Historically, infrastructure projects have been financed and implemented by the state. However, owing to the fiscal resource crunch, time and cost over‐runs, and the general poor quality of publicly provided infrastructure, many emerging market governments, including India, have increasingly adopted PPPs with billions of dollars of investment riding on them. The results have been varied – from spectacular airports like the Delhi International Airport Limited with the associated controversy over land use, to the renegotiation of contracts as in the case of Tata Mundra Ultra Mega Power Project. Illustrating concepts with relevant case studies, the book makes the challenges of PPPs understandable to industry and management practitioners as well as students of management, public policy and economics. It is useful to practitioners wishing to avoid the pitfalls in the tricky terrain of PPPs and policymakers wanting guidance in crafting proper incentives. It also helps students gain a holistic and “applied” understanding of this increasingly important and popular model. “Public Private Partnerships (PPPs) in India are currently under stress. A comprehensive treatment of the subject by a long-time and erudite practitioner and a management academic, this book should be useful to students trying to learn the basics, while also being valuable to professionals and policy makers. The book suggests that the Government should hold bidders accountable to their submitted bids, thereby preserving sanctity of contract. This will discourage aggressive bidding which has become a serious and endemic problem. The book also suggests the use of better bidding criteria to mitigate traffic risk in transport projects. Policy makers should pay heed to these suggestions as they consider improvements in the PPP policy regime going forward.”—Arvind Subramanian, Chief Economic Adviser, India/div “For a fast-growing India, infrastructure creation and operation is a great challenge and opportunity. This excellent book combines theory and practice on PPPs, and is very useful for professionals and students alike. With case studies and current developments, the authors bring out issues in India with global experiences as well. A must-read for infrastructure practitioners.”—Shailesh Pathak, Chief Executive (Designate), L&T Infrastructure Development Projects Limited “India’s program of private participation in infrastructure attracted worldwide attention as it became one of the largest programs in emerging markets. As well as the volumes of finance mobilized, it garnered interest because of some of the innovative approaches developed, such as Viability Gap Funding. The Indian PPP story is well captured in this book, which also makes the point that India is seeing project cancellations and failures rise. The authors analyze the factors behind this and point the way to a more robust PPP market that learns from the experiences of the past.”—Clive Harris, Practice Manager, Public-Private Partnerships, World Bank/div

Private Sector Investment in Infrastructure

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Author :
Publisher : Kluwer Law International B.V.
ISBN 13 : 9041162755
Total Pages : 870 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis Private Sector Investment in Infrastructure by : Jeffrey Delmon

Download or read book Private Sector Investment in Infrastructure written by Jeffrey Delmon and published by Kluwer Law International B.V.. This book was released on 2015-10-28 with total page 870 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment in infrastructure is critical to economic growth, quality of life, poverty reduction, access to education, good quality healthcare, and achieving many of the goals of a robust and dynamic economy. However, infrastructure is difficult for the public sector to get right. This remarkably insightful and enormously useful book, now in its third edition, shows how the private sector (through public–private partnerships – PPP) can provide more efficient procurement through cheaper, faster, and better quality; refocus infrastructure services on consumer satisfaction and life cycle maintenance; place the financial burden of providing infrastructure on consumers rather than taxpayers; and provide new sources of investment, in particular through limited recourse debt (i.e., project financing). Taking the particular challenges associated with PPP fully into account. this book provides a practical guide to PPP in all the following ways and more: - how governments can enable and encourage PPP; - how PPP financing works; - what PPP contractual structures look like; and - most importantly, how PPP risk allocation works in practice. Specific discussion of each infrastructure sector is provided. Lawyers and business people, civil engineers, economic development officials and specialists, banking and insurance professionals, and academics will all find the ground well covered in this book, as well as new ground broken.

Public-Private Partnerships for Infrastructure

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Author :
Publisher : Butterworth-Heinemann
ISBN 13 : 0081007671
Total Pages : 548 pages
Book Rating : 4.0/5 (81 download)

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Book Synopsis Public-Private Partnerships for Infrastructure by : E. R. Yescombe

Download or read book Public-Private Partnerships for Infrastructure written by E. R. Yescombe and published by Butterworth-Heinemann. This book was released on 2018-05-29 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public-Private Partnerships for Infrastructure - Principles of Policy and Finance, Second Edition explains how public private partnerships are prepared, procured, financed, and managed from both the public- and private-sector perspectives. As the use of public private partnerships continues to develop world-wide, both in the area of public policy and private financing and contracting, the Second Edition of this leading textbook: Captures and explains the latest approaches, providing a comprehensive all-round guide for those on both the public- and private-sector sides of the table Emphasises a step-by-step approach within a comprehensive, cross-referenced format Includes clear explanations of PPP evaluation, structuring and financing concepts for the benefit of those new to the topic: no prior knowledge is assumed or required Provides detailed reference points for more experienced practitioners Draws from the authors’ experience and practice in PPP markets worldwide to provide a perspective on practical application of the key underlying principles Includes an extensive glossary of technical and financial terms used in the PPP sector Includes more technical information and a stronger legal perspective than other books Emphasizes a step-by-step approach within a comprehensive, cross-referenced format Expands and updates the historical backgrounds and political contexts of public-private partnerships

Public Private Partnerships

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1845423437
Total Pages : 284 pages
Book Rating : 4.8/5 (454 download)

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Book Synopsis Public Private Partnerships by : Darrin Grimsey

Download or read book Public Private Partnerships written by Darrin Grimsey and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This path-breaking book considers the recent trend for governments to look increasingly to private sector finance, provided by private enterprises constructing and managing public infrastructure facilities in partnership with government bodies. 'The boundaries between the public and private sector are the most important political issue of our time.'

Infrastructure Procurement Framework for Local Authority (UUM Press)

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Author :
Publisher : UUM Press
ISBN 13 : 9670474434
Total Pages : 105 pages
Book Rating : 4.6/5 (74 download)

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Book Synopsis Infrastructure Procurement Framework for Local Authority (UUM Press) by : Dani Salleh

Download or read book Infrastructure Procurement Framework for Local Authority (UUM Press) written by Dani Salleh and published by UUM Press. This book was released on 2014-01-01 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: The spread of infrastructure requirements and variety in mechanisms used to secure contributions (infrastructure provision) from private sector was a reflection of the institutional framework in planning system. The study has identified that although both private and local authorities have a good understanding of the fundamental of concept of local infrastructure provision and the arguments for and against the use of private provision, there are still considerable areas of uncertainty surrounding the precise definition (as prescribed in the relevant legislations) and measurements of the key elements pertaining to local infrastructure. The findings revealed that the previous studies has tended to examine the nature of the practice of the infrastructure delivery within the framework of national economy and very little focus has been given to a comprehensive examination on how private developers can be involved in local infrastructure development. The primary problem is that there is no single framework available at the local level that might be considered or applied to secure infrastructure from private developers. The study then provides the parameters for securing contributions towards infrastructure provision. To achieve a complete understanding of this issue, it is necessary to appreciate the broader picture of what is required in terms of infrastructure for the operation of the urban environment.

Privatized Infrastructure

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Author :
Publisher : Thomas Telford
ISBN 13 : 9780727720535
Total Pages : 276 pages
Book Rating : 4.7/5 (25 download)

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Book Synopsis Privatized Infrastructure by : Charles T. Walker

Download or read book Privatized Infrastructure written by Charles T. Walker and published by Thomas Telford. This book was released on 1995 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: The worldwide championing of the privatisation concept has led many governments to look for new ways of identifying and funding their infrastructure needs. The Build Operate/Own Transfer arrangement for infrastructure procurement has subsequently evolved, which, it is said, provides a win-win scenario for all involved. Privatized infrastructure: The BOT approach explains how, where and why the BOT concept evolved and to highlight the possible pitfalls as well as the potential windfalls.

Public-Private Partnerships

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Author :
Publisher : Elsevier
ISBN 13 : 9780080489575
Total Pages : 368 pages
Book Rating : 4.4/5 (895 download)

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Book Synopsis Public-Private Partnerships by : E. R. Yescombe

Download or read book Public-Private Partnerships written by E. R. Yescombe and published by Elsevier. This book was released on 2011-04-01 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade or so, private-sector financing through public-private partnerships (PPPs) has become increasingly popular around the world as a way of procuring and maintaining public-sector infrastructure, in sectors such as transportation (roads, bridges, tunnels, railways, ports, airports), social infrastructure (hospitals, schools, prisons, social housing) public utilities (water supply, waste water treatment, waste disposal), government offices and other accommodation, and other specialised services (communications networks or defence equipment). This book, based on the author's practical experience on the public- and private-sector sides of the table, reviews the key policy issues which arise for the public sector in considering whether to adopt the PPP procurement route, and the specific application of this policy approach in PPP contracts, comparing international practices in this respect. It offers a systematic and integrated approach to financing PPPs within this public-policy framework, and explains the project-finance techniques used for this purpose. The book deals with both the Concession and PFI models of PPP, and provides a structured introduction for those who are new to the subject, whether in the academic, public-sector, investment, finance or contracting fields, as well as an aide memoire for those developing PPP policies or negotiating PPPs. The author focuses on practical concepts, issues and techniques, and does not assume any prior knowledge of PPP policy issues or financing techniques. The book describes and explains: * The different types of PPPs and how these have developed * Why PPPs are attractive to governments * General policy issues for the public sector in developing a PPP programme * PPP procurement procedures and bid evaluation * The use of project-finance techniques for PPPs * Sources of funding * Typical PPP contracts and sub-contracts, and their relationship with the project’s financial structure * Risk assessment from the points of view of the public sector, investors, lenders and other project parties * Structuring the investment and debt financing * The key issues in negotiating a project-finance debt facility. In addition the book includes an extensive glossary, as well as cross-referencing. *Reviews the PPP policy framework and development from an international perspective *Covers public- and private-sector financial analysis, structuring and investment in PPPs *No prior knowledge of project financing required

New Forms of Procurement

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Author :
Publisher : Routledge
ISBN 13 : 1317635019
Total Pages : 350 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis New Forms of Procurement by : Marcus C. Jefferies

Download or read book New Forms of Procurement written by Marcus C. Jefferies and published by Routledge. This book was released on 2016-04-14 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last three decades have seen the evolution of Public–Private Partnerships (PPPs) and Relationship Contracting (RC) as alternative procurement approaches to traditional methods of delivering public infrastructure. The potential for growth in these new forms of procurement has led to an on-going debate on the nature of requirements, particularly in terms of policy development, encouraging private investment and value for money. A key argument for Governments to procure projects using PPPs and RC is that the process delivers better value for all the stakeholders, including the community and asset end-users. This wide-ranging study of such crucial procurement issues includes international historical context, collaboration and risk management, with a focus on sustainable procurement approaches. The international significance of PPPs and RC procurement is reinforced with case study examples from the UK, Europe, North America, South Africa and the Asia-Pacific. It features cutting-edge research from around the world on subjects such as: Reviews and reflection of the PPP approach Project Alliancing Implementation of RC in developing countries Changes in procurement policy Value for money, collaboration and stakeholder involvement Growth and emergence of PPPs in Asia Risk management Including contributions from some of the world's most prominent academics and practitioners in this field, it is a crucial guide to the strategic choices governments now face for the provision of infrastructure, between using ‘public’ or ‘private’ mechanisms, or a combination of the two.